Section 7: Powers and functions of the Board. Subject to the provisions of this Ordinance, the

7. Powers and functions of the Board. Subject to the provisions of this Ordinance, the Board shall,— (i) exercise executive control over the affairs of the Authority; (ii) manage and administer affairs of the Authority; (iii) approve the annual budget of the Authority; (iv) ask for any information or call for the record of any matter relating to S.M.E.s, pending before or decided by the Authority or any committee constituted by the Authority; (v) ask for any information or call for the record of any matter relating to S.M.E.s, from any ministry, division, department, section, statutory body, corporation, agency of the Federal of Provincial Government concerning any policy, relating to S.M.E.s subject to the constitutional and legal requirements, for review and appropriate action as and if necessary. The concerned ministry, division, department, section, statutory body, corporation, agency of the Federal or Provincial Government, which after the receipt of such request, shall, within a reasonable period of time, provide the requisite information or record to the Authority; (vi) assist and facilitate banks and other institutions in developing appropriate programmes for the promotion and development of S.M.E.s; (vii) enter into all such negotiations, agreements and contracts and rescind or vary all such agreements or contracts, and to execute all such documents and do all acts, deeds and things, in the name and on behalf of the Authority as may, be considered necessary, expedient or proper or in relation to any of the matters aforesaid or otherwise, for the purposes of the Authority ; (viii) deal with, make arrangements, sign contracts with Government, semi- Government, autonomous bodies, corporations, local Government and other institutions; (ix) sell, deal in and dispose of all articles and goods of the Authority ; (x) engage, employ, fix and pay the remuneration and remove, dismiss or discharge all employees and other persons employed in, or in connection with, the Authority's business; (xi) transfer employees from one department to another department; (xii) employ advisers, experts and consultants for the Authority; (xiii) review the performance of any person employed or engaged by the Board or the Chief Executive Officer, from time to time, and issue such directions as it may deem fit, appropriate or necessary; (xiv) make and give receipt, release and discharge, all moneys payable to the Authority or for the claims and demands of the Authority; (xv) receive money or goods on behalf of the Authority; (xvi) give effectual discharge for moneys payable to the Authority and for its claims and demands; (xvii) draw, accept, endorse and negotiate all such cheques, bills of exchange, promissory notes and Government and other securities as shall be necessary in or for carrying on the affairs of the Authority whether the account may be overdrawn or not. (xviii) provide for the welfare of employees or ex-employees of the Authority and the wives, widows or families or the dependents of such persons in such manner as it may think fit; (xix) open, maintain and operate accounts or letters of credit for any amount with any bank or banks and to give instructions for operation of such accounts; (xx) institute, commence, defend, compromise, withdraw or abandon any legal proceedings by or against the Authority or its employees or otherwise concerning the affairs of the Authority; (xxi) Appear before any Court of law, civil, criminal, revenue excise income-tax, special courts, tribunals, whether original or appellate, Provincial High Courts and the Supreme Court of Pakistan and other authorities for and on behalf of the Authority and to institute, apply for transfer of suits and other proceedings, conduct, prosecute and defend suits and legal jurisdiction, sign powers of attorney or other authorizations, statements, pleadings and petitions on behalf of the Authority and to represent, defend and safeguard the interest of Authority; (xxii) purchase or take on lease or otherwise acquire for the Authority, land, buildings, rights and privileges for the purpose of offices or premises of the Authority at such prices and generally on such terms as it may think necessary and expedient, to build, alter and furnish offices, houses or premises and let or sub-let any such houses or premises in, portion or otherwise; (xxiii) demand and enforce payment, delivery, transfer of any dues for recovery and receive from all and any persons, body corporate or corporations, firm or companies whatsoever, all moneys, securities for moneys, debts and claims of all kinds and demand; enforce, deliver and receive any property of all kinds whether belonging to the Authority as security or in trust or held by any person or company in trust or by way of security for the Authority; (xxiv) appoint and nominate attorneys, agents, managers for the Authority for such purposes and with such powers, authorities and discretion and for such period and subject to such conditions as he may, front time to time, think fit and authorise them to exercise any or all such powers and functions; (xxv) assign or sub-contract work of the Authority to private sector persons or otherwise; (xxvi) see that the Ordinance and the rules and regulations made thereunder are duly observed and to ensure such observance; (xxvii) make, formulate, lay down, review and approve policies and plans relating to the aims and objectives of the Authority; (xxviii) advise the Authority on all matters relating to its policies, plans, aim and objectives; (xxix) review the development and growth of S.M.E.s in Pakistan and make recommendations and policies therefore; (xxx) make, formulate, lay down and approve regulations on behalf of the Authority; (xxxi) approve the annual financial budget of the Authority; (xxxii) seek advice from any person relating to any matter under its jurisdiction; (xxxiii)constitute such committees as it may deem fit or consider necessary or expedient to assist the Board in the performance of its functions under this Ordinance and to review the performance of such committees (xxxiv) maintain and preserve the Fund of the Authority; (xxxv) lay down the terms and conditions of the employees, experts, advisers and consultants of the Authority; (xxxvi) to assist and facilitate banks and other institutions in developing appropriate programmes for promotion and development of S.M.E.s; (xxxvii)recommend suitable persons for the appointment as the Chief Executive Officer; and (xxxviii)do or to perform such other acts, deeds and things as may be necessary and incidental thereto.

Effective date: 2002-01-01

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